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Tax shifts may mar agriculture outlook in Argentina

Location:

ARGENTINA

High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…

Belarus faces oil price and COVID-19 shocks

Location:

BELARUS

Reduced global demand due to COVID-19 and the collapse of OPEC+ output caps have driven prices under 40 dollars per barrel. That does not benefit Belarus, as its petroleum product…

Turkish go-it-alone policy raises currency crunch risk

Location:

TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Pandemic to worsen recession and instability in Haiti

Location:

HAITI

World Bank and IMF financial support totalling USD142mn, in the form of grants and zero-interest loans, will help partially to cover increasing external and fiscal financing gaps…

Economic orthodoxy will face challenges in Argentina

Location:

ARGENTINA

The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…

Tourism reopening will ease Bhutan’s economic strains

Location:

BHUTAN

The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…

COVID-19 to compound Nicaragua’s economic woes

Location:

NICARAGUA

Economic troubles.

Elections may end attempts at orthodoxy in Argentina

Location:

ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…

Creditors will seek geopolitical gains in debt talks

Location:

INTERNATIONAL

Whereas developed economies and China have benefited from USD9tn in fiscal stimulus and USD5tn in liquidity, EMs have less scope because they cannot issue local-currency debt…

More developing countries will face debt distress

Location:

INTERNATIONAL

EMDC debt distress.